Recently there has been quite a spate of news about the pending death of the newspaper. Could the New York Times be bankrupt as soon as this summer
? Regardless of what your opinion is of the political slant of the Times, the possibility that such a well-known institution could be facing bankruptcy is a startling one. As noted by sites like Newspaper Death Watch
, already a number of major dailies have either moved to online-only
editions, gone under entirely, downsized delivery services, or have taken other significant measures to save costs, including our own Journal Star and World-Herald.
The current economic situation only further batters an industry which has suffered over the years from web 2.0, craigslist, and so on. Predictions of what could happen to the newspaper industry vary, but many commentators seem to think that the landscape will be quite different in a few years. Technology
will continue to change the industry, and the move towards “social journalism
” is already happening.
What are your own thoughts about the future of the industry? What will the Journal Star and World-Herald be like in 10 years? Any predictions?